represent real-life derivatives like futures and options. They are created via smart contracts on a distributed and globally accessible blockchain network.
synthetic assets (zAssets) based on real-life financial assets. The protocol is a fork from the liquidity derivatives protocol, Synthetix. Horizon improves the interoperability, scalability, speed, and affordability of on-chain derivatives trading more than the existing synthetic assets-based DeFi protocols. Horizon Protocol
advancing on this existent liquidity derivative protocol. Second, it seeks to expand the current asset range with more options from the traditional finance market and NFTs from the crypto market through the partnership with Phoenix Oracles. Horizon Protocol and other DeFi platforms
synthetic assets (zAssets). Transaction fees on Horizon Exchange are redirected to the reward pool for HZN stakers. Horizon Protocol inflation policy stimulates growth in the early stages of development. On Horizon Exchange, zAssets are assigned a value based on the real-world asset’s price received by an oracle. Horizon protocol uses Phoenix Oracle, Chainlink and Band that links real-world financial and crypto assets with Horizon Exchange. HZN holders provide collateral at a predefined collateralization ratio of 800% to safeguard against market volatility. Fluctuation in the HZN price will require the benefactor to reset their collateralization ratio by burning or creating more zAssets to reclaim their HZN. This collateralization ratio is subject to change based on community governance and further testing. Creation of zAssets at Horizon Exchange • • • • • • • •
and stop losses. It will expand its functioning to options, leverage, and margin trading. The tradable zAssets on the Horizon Exchange include: 1. Equities Shareholders hold the equity in a company. It is the value of the company’s total assets after deducting the total liabilities. 2. Commodities Hard commodities include mostly natural resources like oil, while soft commodities refer to agricultural or livestock products like coffee. 3. Market Indices Derivatives can be based on market indices like S&P 500 with the value varying with the value of the underlying stock index. 4. Corporate assets These refer to the financial assets of a business which includes vehicles, equipment, and property. 5. Physical assets These are tangible assets of commercial and financial value including equipment. 6. Crypto assets Short, long, and unique crypto assets from various blockchains can unite on the Binance Smart Chain via Horizon Protocol. Which synthetic assets will trade on Horizon Exchange?
for DeFi. You can digitally trade in a highly secure environment based on asset price fluctuations in the global finance market. Horizon Exchange offers the ability to trade a host of synthetic assets ranging from real-world economy assets to synthetic crypto assets on the same platform. Conclusion